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Don McClain-How Technology Has Impacted The Real Estate Industry-converted

Technology has taken the place in the real estate industry vigorously with the advancements of industry functions, transactions, and visiting places online. According to the experts like Don McClain, the current technology of real estate has completely replaced the traditional methods of real estate. <br><br>

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Don McClain-How Technology Has Impacted The Real Estate Industry-converted

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  1. Don McClain-How Technology Has Impacted The Real Estate Industry? Technology has taken the place in the real estate industry vigorously with the advancements of industry functions, transactions, and visiting places online. According to the experts like Don McClain, the current technology of real estate has completely replaced the traditional methods of real estate. Evolution of Real Estate Technology The real estate industry is a data-driven process and the largest resistance in the growth of the technology was the unavailability of industrial data in the public domain. The technological advancements comes after the business work had started on the computer and database management system. With the advancement in technology, the USA has witnessed the development in real estate investment due to that private data become accessible for public consumption and this was the most effective characteristic of the PropTech. Key Drivers of the Tech Evolution The most leading force behind the latest adoption of technology in the real estate market is the increase of the Internet and its users. •50% of people in the 21st generation use personal phones to look up, around 26% use a similar medium to go to the next step in the asset-buying process.

  2. •Near about 95% of property buyers use the mobile Internet to look for property, while 54% of home buyers suggested that using the Internet for basic research was their foremost step in the buying process. •More than 90% of real estate agencies have AR and VR to give better services to their consumers. Technological advancements in this industry are not limited to magnify the experience of the potential consumers. Current Trends in Real Estate Technology Real Estate Technology brings down a truckload of manual labor in the whole sales process of a money transaction and outshines the spotlight on real estate agents like Don McClain. It gives permission for the agent to concentrate on the sales process that actually includes a potential client. Real estate stays in touch with their clients on social media platforms and uploads photos and videos of various properties so that people can decide to work further.

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